MBOI makes $100m in commitments across two private equity vehicles

The Helena-based organisation has re-upped with two existing managers.

Institution: Montana Board of Investments
Headquarters: Helena, US
AUM: $25.3 billion
Allocation to alternatives: 22.9%

Montana Board of Investments has committed $100 million across two private equity vehicles, according to its November 2021 investment board meeting documents.

The commitments comprise $50 million each to Kinderhook Capital Fund VII and Crescent Asia Consumer & Deep Value Fund III. Both commitments are re-ups with existing managers.

As illustrated below, MBOI’s recent private equity commitments have primarily focused on venture capital and buyout funds targeting investments in North America. Private investments, which include both private equity and private debt, constitute 8.72 percent of the organisation’s entire investment portfolio.

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